Navios Maritime Acquisition (NNA) Tops Q3 EPS by 1c

November 20, 2014 7:43 AM EST

Navios Maritime Acquisition (NYSE: NNA) reported Q3 EPS of $0.02, $0.01 better than the analyst estimate of $0.01. Revenue for the quarter came in at $69.31 million versus the consensus estimate of $67.2 million.

Fleet Update

In November 2014, Navios Acquisition agreed to acquire the Nave Synergy, a 2010-built 299,973 dwt VLCC, from an unaffiliated third party, for a purchase price of $75.5 million. The vessel is expected to be delivered in December 2014.

On November 20, 2014, Navios Acquisition took delivery of the Nave Pyxis, a newbuilding 49,998 dwt MR2 product tanker, from an unaffiliated third party, for a purchase price of approximately $31.5 million.

On September 19, 2014, Navios Acquisition took delivery of the Nave Luminosity, a newbuilding 49,999 dwt MR2 product tanker, from an unaffiliated third party, for a purchase price of $35.5 million.

Navios Acquisition currently owns 41 vessels, eight VLCCs, 29 product tankers and four chemical tankers of which, 36 vessels are currently on-the-water with the remaining five vessels, still to be delivered.

For earnings history and earnings-related data on Navios Maritime Acquisition (NNA) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings

Related Entities

Earnings, Definitive Agreement